(To read more on the multifamily market, click here.)

WASHINGTON, DC-The Federal Emergency Management Agency will spend the next month negotiating final project details with the Gulf states participating in a pilot program to develop alternative housing solutions in the wake of hurricanes and other disasters. The government agency just announced the projects that had been selected under the program, called Alternative Housing Pilot Program, along with tentative award amounts that total $388 million.

These include Alabama’s City of Bayou La Batre Project, which was awarded up to $15.6 million; Louisiana’s Cypress Cottage Partners Project, whose grant could be as much as $74.5 million; Mississippi’s Green Mobile Project, awarded up to $5.8 million; the Park Model and Mississippi Cottage Project, awarded up to $275.4 million; and Texas’ Heston Group Project, which could receive some $16.4 million.

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